FINANCIAL MARKETS WEEKLY – 02 AUGUST 2024
FIXED INCOME MARKETS Money Markets System liquidity maintained a positive balance throughout the week, supported by some government-related disbursements. Hence, the Open Repo Rate (OPR) and the Overnight Rate (O/N) decreased by 52bps and 60bps to 25.61%…
FINANCIAL MARKETS WEEKLY – 26 JULY 2024
FIXED INCOME MARKETS Money Markets This week, system liquidity improved due to inflows from FAAC and Bond Coupon. As a result, the Open Repo Rate (OPR) and the Overnight Rate (O/N) decreased by 526bps and 536bps to 26.13% and 26.66% respectively,…
FINANCIAL MARKETS WEEKLY – 19 JULY 2024
FIXED INCOME MARKETS Money Markets System liquidity remained negative throughout the week, as there were no significant inflows. Overall, the Open Repo Rate (OPR) and the Overnight Rate (O/N) fell by 22bps and 43bps to 31.39% and 32.02% respectively,…
FINANCIAL MARKETS WEEKLY – 12 JULY 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity balance was in deficit throughout the week, despite a slight improvement from the previous week. Consequently, the Open Repo Rate (OPR) and the Overnight Rate (O/N) declined by 45bps and 8bps to 31.61%…
FINANCIAL MARKETS WEEKLY – 05 JULY 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity stayed short throughout the week, impacted by FX Settlement, CRR debits and other outflows. Thus, the Open Repo Rate (OPR) and the Overnight Rate (O/N) increased significantly by 789 bps and 753 bps to…
FINANCIAL MARKETS WEEKLY – 28 JUNE 2024
FIXED INCOME MARKETS MONEY MARKETS Despite the multiple auctions held throughout the week, system liquidity remained in surplus. This was primarily due to the minimal size allotted at the auctions, which kept liquidity substantially positive. As a…
FINANCIAL MARKETS WEEKLY – 21 JUNE 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity started the week with a surplus balance on Wednesday, mainly due to the early FAAC inflows. However, liquidity decreased to a negative balance on Thursday because of OMO auction funding amounting to…
FINANCIAL MARKETS WEEKLY – 14 JUNE 2024
FIXED INCOME MARKETS MONEY MARKETS Throughout the week, system liquidity remained negative, except for today, Friday. System liquidity opened at ₦132.75 billion, compared to -₦90.43 billion last week. The Open Repo Rate (OPR) decreased by 432 basis…
FINANCIAL MARKETS WEEKLY – 07 JUNE 2024
FIXED INCOME MARKETS MONEY MARKETS System liquidity alternated between surplus and deficit balances throughout the week. Overall, by the end of the week, system liquidity opened in a deficit at -₦90.43 billion, compared to ₦80.71 billion the previous…
FINANCIAL MARKETS WEEKLY – 31 MAY 2024
FIXED INCOME MARKETS MONEY MARKETS After starting the week with a negative balance, system liquidity improved mid-week due to inflows from FX Swap maturities. However, the OMO auction absorbed liquidity from the system, issuing ₦500.00 billion worth of…
